119.25 +0.13 (0.11%)
After hours: 7:02PM EDT
|Bid||119.25 x 1200|
|Ask||119.48 x 1400|
|Day's Range||118.55 - 119.60|
|52 Week Range||101.45 - 135.53|
|PE Ratio (TTM)||20.02|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||3.64 (3.02%)|
|1y Target Est||128.50|
Retailers and shipping companies are already mapping out hiring plans for seasonal employees. United Parcel Service Inc. (NYSE: UPS) said it plans to hire about 100,000 seasonal employees nationwide, in preparation for the upcoming 2018 holiday season. Many of those will be needed in the Tampa Bay area, according to UPS spokesman Dan McMackin.
United Parcel Service Inc. is hiring fewer people during peak season in Louisville in 2018 because it has ramped up staffing throughout the year. Earlier this week, the Atlanta-based shipping giant announced plans to hire 95,000 seasonal employees companywide in support of the upcoming holiday shipping season. Of that total, it expects that it will hire about 2,600 seasonal workers in Louisville.
Concern that Amazon.com poses a significant threat to logistics giants has been an overhang for FedEx and United Parcel Service stock, but we may get some relief on that front, says Bernstein.
US-based global parcel delivery company FedEx (FDX) announced its fiscal 2019 first-quarter earnings after market hours on September 17. The company missed analysts’ adjusted EPS estimate by 9%. FedEx’s adjusted EPS in the quarter came in at $3.46 against analysts’ expectations of $3.81. Compared with adjusted EPS of $2.51 in the first quarter of 2018, the company’s EPS was up ~38% YoY (year-over-year) in Q1 2019.
August was another strong order month for aircraft makers. Boeing (BA) booked 99 aircraft orders in August, most of which came from the 737 Max family with 90 orders. After cancellations, the company is left with 94 net orders.
The UPS Foundation, which leads global citizenship and philanthropy programs for UPS (UPS), announced it will award nearly $2.7 million in grants to preeminent environmental organizations worldwide. The missions of these organizations align with The UPS Foundation and the company’s environmental sustainability goals, which address creation of global standards and best practices as well as other issues such as renewable energy sources and reducing its absolute greenhouse gas (GHG) emissions from global ground operations. This announcement comes after The UPS Foundation recently awarded $10 million in grants to 44 organizations that advance diversity and inclusion around the world.
FedEx shares drop on a dismal first quarter report with even a Morgan Stanley analyst calling it a “messy start.” Shares of United Parcel Service was also modestly down despite announcing a new national advertising campaign. FedEx Corporation shares were tumbling on Tuesday, closing the day down 5.53% on nearly 7 million shares traded. FedEx reported earning $3.46 per share in its fiscal first quarter vs. the $3.80 that analysts had expected.
Despite that tailwind, FedEx reported weaker than expected quarterly bottom line results despite reporting stronger than expected revenue and boosting its 2019 outlook. Specifically, FedEx now sees FY2019 EPS of $17.20-$17.80 vs. its prior guidance of $17.00-$17.60 and the consensus of $17.40. While FedEx cited some modest impact was had on its business due to tariffs with China (China-U.S. bidirectional packages are 2% of FedEx revenue), it forecasted continued revenue growth ahead which reflects the shift toward digital commerce mentioned above.
The full- and part-time seasonal positions are primarily package handlers, drivers and driver-helpers, with wages between $10.35 to $18.75.
So far, 2018 has been a wild stock trading year. In February, the equity markets corrected on a sharp rise in interest rates. But since then we’ve been battling a slew of headlines, many of them about global tariff wars between the U.S. and its trading partners.
The UPS Store, Inc. is launching a new national advertising campaign during September to demonstrate the full range of products and services The UPS Store® locations offer beyond packing and shipping. From copying and printing, to notarizing and shredding, the new campaign encourages small business owners and entrepreneurs to tap into The UPS Store for all of their business and back office needs. The new “Beyond Shipping” campaign was inspired by a nationwide research effort that revealed small business owners know The UPS Store takes care of shipping, but were surprised to discover the extensive range of business services the locally owned and operated locations offer.
are advocating for lower trade barriers and free trade policies as U.S. President Donald Trump prepares to impose additional tariffs on Chinese imports. Trump announced late Monday a new round of tariffs on about $200 billion of Chinese goods, as China's current trade practices "plainly constitute a grave threat to the long-term health and prosperity of the United States economy." The 10% tax, which is set to be levied on Sept. 24, is set to increase to 25% at year-end. The president also threatened tariffs on approximately $267 billion of additional imports should China respond with retaliatory tariffs.
UPS (UPS) was named to the Dow Jones Sustainability World Index (DJSI World) for the sixth consecutive year and the Dow Jones Sustainability North America Index for the 14th straight year. The recognition comes as UPS continues to work toward its ambitious sustainability goals to add more alternative fuel and advanced technology vehicles to its fleet while increasing its reliance on renewable energy sources. UPS’s inclusion on these highly-regarded indices reflects its position in the top 10 percent of sustainability performers among the 2,500 largest companies tracked in the S&P Global Broad Market Index.
FedEx (FDX) announced its first-quarter earnings after the market closed on September 17. While analysts expected FedEx to report an adjusted EPS of $3.80, the company’s EPS was $3.46. The stock declined ~2.8% to $248.70 later on September 17 due to concerns regarding FedEx’s higher labor costs.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting UPS. The net inflows of $4.87 billion over the last one-month into ETFs that hold UPS are not among the highest of the last year and have been slowing.
UPS is one of many local companies and institutions stepping up to help relief efforts in North Carolina and South Carolina – the two states that got hit the hardest from Florence and its aftermath.
Package delivery companies and retailers have increased their seasonal hiring this year, to cater to the e-commerce sector that is expecting heavy shipping volumes, as shoppers spend more buoyed by a strong economy and labor market. Last week retailer Target Corp unveiled plans to hire about 120,000 seasonal workers for the holidays, up 20 percent from last year, while department store chain Macy's Inc said it would hire 23,500 temporary workers at its online fulfillment centers across the U.S., an increase of about 30 percent. UPS' smaller rival FedEx Corp is also hiring about 55,000 workers for the season, up about 10 percent compared with a year earlier.
UPS (UPS) today announced a more than $1 million commitment through The UPS Foundation in support of recovery efforts following the devastating flooding, infrastructure damage and utility outages caused by Hurricane Florence. Through a combination of cash grants, in-kind transportation movements and technical expertise, the company and The UPS Foundation will provide both urgent relief, as well as support for long-term needs ranging from rebuilding to personal and financial recovery assistance. “We’re seeing immediate needs in these communities across a wide range of humanitarian areas in the aftermath of Hurricane Florence,” said Eduardo Martinez, president of The UPS Foundation and chief diversity and inclusion officer.
United Parcel Service Inc. said Monday it expects to hire about 100,000 seasonal employees for the holiday season, up from 95,000 a year ago. The seasonal hires will primarily be package handlers, drivers and driver-helpers. Over the last 3 years, 35% of the package handlers hired during the holiday season, which begins November and continues through January, were later hired in permanent positions. UPS's announcement comes after XPO Logistics Inc. said it would hire 33% more seasonal workers this year than it did last year. UPS shares slipped 0.5% in morning trade. It has gained 2.7% over the past three months, while the Dow Jones Transportation Average has gained 3.7% and the Dow Jones Industrial Average has advanced 4.3%.
The full- and part-time seasonal positions – primarily package handlers, drivers and driver-helpers – have long been an entry point for permanent employment at UPS. Many senior UPS executives, including Chief Executive Officer David Abney and other members of the company’s senior leadership team, started their UPS careers as part-time employees. Over the last three years, 35 percent of the people UPS hired for seasonal package handler jobs were later hired in a permanent position when the holidays were over.
FedEx (NYSE:FDX) reports its quarterly earnings after the bell on Sept. 17. With e-commerce expected to continue surging and the few delivery options, FedEx should continue its path to growth no matter what the latest earnings report brings.
United Parcel Service's (UPS) transformation initiative aims to boost its bottom line. The company also intends to continue with its expansion plans.
It took Mayor Keisha Lance Bottoms nearly three months to announce her pick because she wanted to meet personally with each finalist.
United Parcel Service Inc. believes it has an answer for the flood of lower-margin packages it carries for large shippers like Amazon.com Inc.: small businesses and health care. When such customers ship packages, UPS says it earns revenue and profit multiple times higher than large shippers, which make up a big chunk of the company’s delivery volume. UPS executives laid out plans to cater to more profitable customers as the delivery giant faces criticism from analysts that focusing on carrying millions of packages from large shippers has squeezed margins.